Deutsche Bank to pay $4m to settle option trade allegations

A Deutsche Bank unit will pay more than $4m to settle allegations that it failed to properly report data on millions of options trades, according to a Financial Industry Regulatory Authority (FINRA) document.

Reuters reports that the alleged conduct between 2010 and 2015 violated FINRA rules aimed at identifying holders of large options positions who may be trying to manipulate the market or violate other industry rules, the Wall Street watchdog said in its settlement with the unit, Deutsche Bank Securities.

Deutsche Bank did not admit to or deny FINRA's findings, according to the settlement, which was dated Monday and posted to FINRA's website on Tuesday. 

A Deutsche Bank spokesman declined to comment on the settlement, which included a fine of $4.07m to FINRA.

To access the complete Reuters article hit the link below:

Deutsche Bank agrees to pay $4 million for trading violations

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